IFP Advisors Inc Decreases Position in BHP Group Limited Sponsored ADR $BHP

IFP Advisors Inc cut its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 25.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,078 shares of the mining company’s stock after selling 691 shares during the quarter. IFP Advisors Inc’s holdings in BHP Group were worth $100,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BHP. Costello Asset Management INC purchased a new position in BHP Group in the first quarter worth about $26,000. Alpine Bank Wealth Management purchased a new stake in shares of BHP Group during the 1st quarter valued at about $27,000. Hilltop National Bank purchased a new stake in shares of BHP Group during the 2nd quarter valued at about $32,000. Raleigh Capital Management Inc. purchased a new stake in shares of BHP Group during the 2nd quarter valued at about $58,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of BHP Group during the 1st quarter valued at about $73,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Performance

BHP opened at $55.57 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The company has a market cap of $141.04 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 4.03 and a beta of 0.80. The company’s 50 day moving average is $54.79 and its 200 day moving average is $51.06. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $58.51.

BHP Group Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were issued a dividend of $1.185 per share. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. This represents a yield of 441.0%. The ex-dividend date of this dividend was Friday, September 5th. BHP Group’s payout ratio is presently 53.86%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BHP shares. Berenberg Bank reaffirmed a “sell” rating and set a $44.00 price target on shares of BHP Group in a report on Thursday, July 24th. Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. Finally, BMO Capital Markets downgraded shares of BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BHP Group currently has a consensus rating of “Hold” and an average price target of $48.50.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.